TSXV:ROX - Post Discussion
Post by
kojack1 on May 04, 2023 1:59pm
Options cancelled
Cancellation of Options
The Company also announces that several of its employees and directors have voluntarily surrendered options that entitled them to purchase up to an aggregate of 2,350,000 common shares of the Company. Canstar accepted the cancellation of options on May 4, 2023, and the options surrendered by holders were cancelled effective May 4, 2023. Surrender of the affected options was entirely voluntary and no agreements or commitments have been made to holders with respect to the receipt of new options. Of the cancelled options, 2,050,000 options were surrendered by directors, senior officers and insiders of the Company. The cancelled options all had an exercise price of $0.28, which is significantly above the current share price. The cancellation of these options frees up contribution room under the Company’s 10% fixed stock option plan for new employees or for future grants.
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